Reliance Spinning Mills’ IPO allotment for Nepali migrant workers was oversubscribed within half an hour of opening on Monday. The company offered 115,596 shares for Nepalis working abroad—10 percent of the total 1,155,960 units issued. Within an hour, 1,970 investors from 36 banks applied for 118,340 units. The application window for overseas workers remains open until Thursday.
